What’s your Philosophy on Money?

I listened to this interview with Tim Ferris last week and it’s interesting to hear him say how he thinks about investing. I share some of his ideas.

Like:

• The number one reason to invest is to improve your quality of life
• Not all types of investing are suitable for you

Have a listen:

Last week I read…

I was reading Robinson Crusoe last week, the main characters philosophy on money is this.

The good things of this world are only good while they are useful to us. Whatever treasures we pile up, we cab enjoy only as much as we can use, and no more.

I had far more on my island than i could use. I had no room for desire, except for a few small things which I could not have. I even had gold and silver coins, but the money just lay in the drawer, for I had no use for it.

A drawer full of diamonds would have been just as useless. But how I wished I could give it all, just for a pipe,or a few English vegetable seeds or a bottle of ink.